Bitcoin, Ethereum, Dogecoin Slide Even As Q2 Turns Profitable For Crypto: Analyst Warns About Decline In BTC If The Apex Coin Doesn’t Close Above This Level
Leading cryptocurrencies fell on Monday amid speculation that the Trump administration may have a “shadow Fed” before the term of Federal Reserve Chair Jerome Powell ends.
| Cryptocurrency | Gains +/- | Price (Recorded at 10:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.15% | $107,374.79 |
| Ethereum (CRYPTO: ETH) |
-0.46% | $2,495.63 |
| Dogecoin (CRYPTO: DOGE) | -2.05% | $0.1656 |
What Happened: Bitcoin tumbled to $106,759.65 in the early trading hours before settling to around $107,000 for the rest of the day. Trading volume spiked 13.33%, suggesting that sell pressure was high. Ethereum oscillated in the $2,400 range, with the occasional jump to $2,520.
Overall, the two blue-chip currencies delivered handsome returns during the second quarter. While Bitcoin jumped by 29.74%, Ethereum gained 36.78%, reversing its first-quarter downsides.
Moreover, Bitcoin’s dominance rose from 61.3% to 64.5% during the quarter, while that of Ethereum increased from 8.2% to 9.1%.
Meanwhile, more than $185 million was liquidated from the cryptocurrency market in the last 24 hours, the majority of it being bullish long positions.
Bitcoin’s open interest fell 3.18% in the last …
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